1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ksju [112]
2 years ago
13

Josh Collins plans to buy a house for $245,000. If that real estate is expected to increase in value by 7 percent each year, wha

t will its
approximate value be six years from now? Use Exhibit 1-A. (Round time value factor to 3 decimal places and final answer to the

nearest whole number.)

Approximate value
Mathematics
1 answer:
Oksana_A [137]2 years ago
5 0

Using an exponential function, it is found that it's approximate value six years from now will be of $367,679.

<h3>What is an exponential function?</h3>

An increasing exponential function is modeled by:

A(t) = A(0)(1 + r)^t

In which:

  • A(0) is the initial value.
  • r is the growth rate, as a decimal.

In this problem:

  • Josh Collins plans to buy a house for $245,000, hence A(0) = 245000.
  • That real estate is expected to increase in value by 7 percent each year, hence r = 0.07

Then:

A(t) = A(0)(1 + r)^t

A(t) = 245000(1 + 0.07)^t

A(t) = 245000(1.07)^t

In six years, we have that t = 6, hence, the value will be of:

A(6) = 245000(1.07)^6 = 367679

You can learn more about exponential functions at brainly.com/question/25537936

You might be interested in
Help? Anything can help I’m in a rush
devlian [24]

Answer: A vertical line from (-5 , 4 ) to (5 , 4)

Step-by-step explanation: The y axis is the vertical  one. Go up 4 and draw a line connecting all the points with 4 in the coordinates.

Hope that helps :)

8 0
2 years ago
Read 2 more answers
Solve 3/2^x-4=16 Two step equations
Lerok [7]

the answer is

x = 40/3



4 0
3 years ago
Find a8 of the sequence 10,9.75,9.5,9.25,….
balandron [24]

Answer:

10,9.75,9.5,9.25,9, 8.75 , 8.5, 8.25, 8...

Step-by-step explanation:

Subtract 0.25 from each to find the next number

8 0
3 years ago
Read 2 more answers
For test Please Help!!!
jonny [76]

Answer:

x=24.621

Step-by-step explanation:

tan(72)=x/8

tan(72)×8=x

x=24.621

4 0
3 years ago
Write the equation of the line that passes through the points (7,-4)and (−7,1). Put your answer in fully reduced point-slope for
Alika [10]

9514 1404 393

Answer:

  y +4 = -5/14(x -7)

Step-by-step explanation:

The slope can be found using the slope formula:

  m = (y2 -y1)/(x2 -x1)

  m = (1 -(-4))/(-7-7) = 5/-14 = -5/14

The point-slope form is ...

  y -k = m(x -h) . . . . . line with slope m through point (h, k)

Filling in the given values, we have ...

  y +4 = -5/14(x -7)

7 0
3 years ago
Other questions:
  • The function h is defined by h(x)=b−9÷x, where b is a constant. Find b, if the graph of h passes through the point (−6,19).
    14·1 answer
  • What is the average distance of earth to the sun in km
    13·1 answer
  • Explain why 58 can be rounded to the nearest hundred even though there is not a digit in the hundreds place?
    13·2 answers
  • Determine the equation of a line passing through the point (5, −3) with an undefined slope.
    7·1 answer
  • Find the area. Simplify your answer.<br> X+8<br> х
    7·2 answers
  • The density of water is 1 gram per cubic centimeter. A more dense object will sink, and a less dense object will float. Will a m
    10·1 answer
  • The sample for a study exhibits undercoverage bias. Select the statement that best describes the bias in the study. O There are
    8·2 answers
  • What is the value of missing side a ?
    15·1 answer
  • Help plesae i have no idea of what to do thanks
    14·2 answers
  • Consider functions f and g.<br><br><br><br> Which expression is equal to f(x) ⋅ g(x) ?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!